Stablecoin rails, tokenization, and the regulated onchain financial stack.
The momentum components, the quarter-by-quarter capital series and the ranked company table with valuations and secondary marks open on Institutional; Starter and Pro plans open a slice of the map. The headline stats above stay public.
Upgrade to open the map →Methodology. Emerging Spaces groups the tracked private-company roster into curated thematic spaces — a company joins a space on what it is (its own sector, subsector, tags and tagline, with reviewed exceptions), never on investor names, customers or narrative in its description, and may belong to several — and scores each space's momentum 0–100 from four disclosed-data components: trailing-90-day capital vs the prior 90 days (40%), deal-count acceleration on the same windows (25%), news activity per tracked company over 30 days (20%), and the median secondary-market premium to last round across the space's marked names (15%). Components that cannot be computed are dropped and the weights renormalize — the basis is disclosed per space. Quarterly trends derive from dated, disclosed rounds; undisclosed amounts count as zero capital. An attention map of disclosed activity — not a prediction, not investment advice.